Monday, June 30, 2008

401k Hidden Fees

Millions of Americans are counting on their 401k nest egg to provide a substantial portion of their retirement income. Unfortunately hidden fees and charges can sap thousands of dollars from this nest egg. The fees paid by participants are hard to find and the paperwork byzantine. Bloomberg TV recently aired a segment on these hidden fees that will be of interest to anyone who participates in or sponsors a 401k plan. You can view the segment here (Windows Media Player required).

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